Amazon.com, Inc. (NASDAQ:AMZN) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They currently have a $885.64 target price on the e-commerce giant’s stock. Vetr‘s price objective suggests a potential upside of 3.38% from the company’s previous close.
Other analysts have also issued research reports about the company. Instinet decreased their price target on Amazon.com to $925.00 in a report on Friday, February 3rd. TheStreet upgraded Amazon.com from a “c+” rating to a “b-” rating in a report on Wednesday, February 8th. Benchmark Co. restated a “buy” rating and set a $950.00 price target on shares of Amazon.com in a report on Friday, December 9th. Evercore ISI restated a “buy” rating and set a $990.00 price target on shares of Amazon.com in a report on Monday, November 28th. Finally, Citigroup Inc decreased their price target on Amazon.com from $965.00 to $960.00 and set a “buy” rating on the stock in a report on Monday, November 28th. Six investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $939.08.
Shares of Amazon.com (NASDAQ:AMZN) traded up 0.55% during mid-day trading on Monday, hitting $856.97. 2,282,727 shares of the stock were exchanged. The stock’s 50 day moving average is $841.00 and its 200 day moving average is $801.26. Amazon.com has a 12 month low of $538.58 and a 12 month high of $860.86. The firm has a market cap of $408.92 billion, a P/E ratio of 174.89 and a beta of 1.40.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.19. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $44.66 billion. During the same quarter in the prior year, the firm posted $1.00 EPS. Amazon.com’s quarterly revenue was up 22.4% compared to the same quarter last year. Analysts expect that Amazon.com will post $7.18 EPS for the current fiscal year.
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In other Amazon.com news, Director Tom A. Alberg sold 590 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $501,500.00. Following the transaction, the director now owns 22,525 shares of the company’s stock, valued at $19,146,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Zapolsky sold 503 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $427,550.00. Following the transaction, the insider now directly owns 2,523 shares in the company, valued at approximately $2,144,550. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Dodge & Cox bought a new position in Amazon.com during the fourth quarter worth $754,000. Israel Discount Bank of New York GFN bought a new position in Amazon.com during the fourth quarter worth $212,000. Norges Bank bought a new position in Amazon.com during the fourth quarter worth $2,736,365,000. Infrastructure Capital Advisors LLC bought a new position in Amazon.com during the fourth quarter worth $1,140,000. Finally, Sowell Financial Services LLC bought a new position in Amazon.com during the fourth quarter worth $1,548,000. 65.08% of the stock is currently owned by institutional investors.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
To view Vetr’s full report, visit Vetr’s official website.
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